DislikedG'day guy's, Good to see some nice trades. EV, hope all is well. Here is my trade for tonight. EU long after a small bullish engulfing and price closed back above the previous support line. (purple dotted line). TP was R1. Cheers{image}Ignored
Psych Levels, Pivots, and Trendlines - Resurrected
- #10,024
- Jun 4, 2015 5:01am Jun 4, 2015 5:01am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
15m.... GU
Small consolidation resulted in a harami and price pushing above the midpoint. Entry and exit as shown.
Small consolidation resulted in a harami and price pushing above the midpoint. Entry and exit as shown.
- #10,025
- Jun 4, 2015 5:03am Jun 4, 2015 5:03am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
GU M15 Pennant between R1 and MR1. {image}
- #10,028
- Jun 4, 2015 5:11am Jun 4, 2015 5:11am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
{quote} I noticed that little harami and after that draw the pennant! Thank you, EV. It's your trades that show the way!
- #10,029
- Jun 4, 2015 5:25am Jun 4, 2015 5:25am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
15m.... GU Small consolidation resulted in a harami and price pushing above the midpoint. Entry and exit as shown.
every Saint has a past. Every Sinner has a Future
- #10,031
- Jun 4, 2015 5:33am Jun 4, 2015 5:33am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
{image}
His Harami looks longer than the one you posted but I get the idea and will read up on them.
Thanks for the lightening reply.
every Saint has a past. Every Sinner has a Future
- #10,033
- Jun 4, 2015 5:38am Jun 4, 2015 5:38am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
{quote} Harami ? Is that similar to an Inside bar or is it to do with reverse coverage of previous bar?
http://www.ebay.com.au/itm/221764645...%3AMEBIDX%3AIT
I purchased this, going to have it laminated for quick reference
I purchased this, going to have it laminated for quick reference
- #10,035
- Jun 4, 2015 5:44am Jun 4, 2015 5:44am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
{quote} A harami is, as Pix's diagram indicates, a small body inside the body of the previous candle. Usually, the harami candle is a different colour from the previous candle, suggesting a reversal.
every Saint has a past. Every Sinner has a Future
- #10,036
- Jun 4, 2015 5:46am Jun 4, 2015 5:46am
{quote} Hi, Nice trade! Did you enter below 50SMA?
When price re-entered the consolidation area (above the red line) and closed above the spinning top with a bullish candle, I felt it was bullish enough to go long.
I did get nervous when the next candle closed below the MA and was another spinning top. But because it closed blue I waited for another candle to close before I made my decision, which broke yesterdays high then closed above it.
Cheers
{quote} Thanks eye and Pixie. Harami is not something I really took an interest in before but now it seems it would be worth further study. I like this thread since I trade in a similar fashion -Simple is profitable. Well done guys.
